The Market 2022-2023-2024

[dscher]

That chart is for Multi-Family units...So, we'll have to see if that elevated default level is contained to that segment of the market, or, does it spread into single-family homes. Ironically, the banking sector has been reporting their quarterly and full-year earnings this week and almost without exception, they've all reported earnings that beat expectations. And with respect to loan performance, virtually all of the banks reported stronger than expected results there as well, meaning defaults on mortgages and all other types of consumer lending, are significantly lower than most anticipated.

Very strange with the banks, no doubt.. inverted yield curve and all for most of 2024. Very interesting.